Northern Lubricants (Norlube) Ltd - Limited company - abbreviated - 11.6

Northern Lubricants (Norlube) Ltd - Limited company - abbreviated - 11.6

NORTHERN LUBRICANTS (NORLUBE) LIMITED - Company Information

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REGISTERED NUMBER: 06534812 (England and Wales)














ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

NORTHERN LUBRICANTS (NORLUBE) LTD

NORTHERN LUBRICANTS (NORLUBE) LTD (REGISTERED NUMBER: 06534812)






CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Year Ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

NORTHERN LUBRICANTS (NORLUBE) LTD

COMPANY INFORMATION
For The Year Ended 31 March 2014







DIRECTOR: B C D Brown





SECRETARY: Mrs D Brown





REGISTERED OFFICE: Frederick House
Dean Group Business Park
Brenda Road
Hartlepool
TS25 2BW





REGISTERED NUMBER: 06534812 (England and Wales)





ACCOUNTANTS: Flannagans
Frederick House
Dean Group Business Park
Brenda Road
Hartlepool
TS25 2BW
Page 1
NORTHERN LUBRICANTS (NORLUBE) LTD (REGISTERED NUMBER: 06534812)

ABBREVIATED BALANCE SHEET
31 March 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 10,000 11,000
Tangible assets 3 4,377 5,205
14,377 16,205

CURRENT ASSETS
Debtors 2,143 1,204
Cash at bank and in hand 1,098 100
3,241 1,304
CREDITORS
Amounts falling due within one year 16,904 17,155
NET CURRENT LIABILITIES (13,663 ) (15,851 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
714
354

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 614 254
SHAREHOLDERS' FUNDS 714 354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 23 December 2014 and were signed by:





B C D Brown - Director


The notes form part of these abbreviated accounts

Page 2
NORTHERN LUBRICANTS (NORLUBE) LTD (REGISTERED NUMBER: 06534812)

NOTES TO THE ABBREVIATED ACCOUNTS
For The Year Ended 31 March 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 15,000
AMORTISATION
At 1 April 2013 4,000
Amortisation for year 1,000
At 31 March 2014 5,000
NET BOOK VALUE

At 31 March 2014 10,000
At 31 March 2013 11,000

Page 3 continued...
NORTHERN LUBRICANTS (NORLUBE) LTD (REGISTERED NUMBER: 06534812)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Year Ended 31 March 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 11,842
DEPRECIATION
At 1 April 2013 6,637
Charge for year 828
At 31 March 2014 7,465
NET BOOK VALUE
At 31 March 2014 4,377
At 31 March 2013 5,205

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

5. GOING CONCERN

The director has reviewed a period of 12 months from approval of these financial statements and concluded the
company is able to meet all its liabilities as they fall due. As a result it is appropriate to prepare the accounts on
going concern basis.

Page 4